blackrican23 Posted April 30, 2014 Share Posted April 30, 2014 In order to make the really big money in the world of professional fight promotion, you need to follow the Floyd Mayweather's highly creative and highly lucrative business model. The reason Floyd Mayweather is able to take home as much as $80 million from a single night's work is because he owns every single aspect of his own events. Whenever Mayweather fights someone, he puts up all the money for the entire show, himself. He pays for the venue, the insurance, the vendors and even his opponent's purse, out of his own pocket. When Mayweather fought Saul Alvarez, he spent $15-20 million of his own money before a single punch was even thrown. He also put aside $40 million for himself as an appearance fee. The major risk Floyd is taking is that all these expenses occur before the fight happens. If there was a natural disaster like a hurricane, the fight would be canceled and Floyd would be out of luck. On the other hand, when the Alvarez fight did go through as planned, more than 2.2 million households ordered it on Pay Per View for $65 which generated $150 million worth of revenue. Even after a large percentage was taken out for the distributors and costs, Floyd was still left with a $45 million bonus. And 100% of that money went directly into his bank account (after taxes). When you add Mayweather's $40 million appearance fee and his $45 million PPV bonus, you can start to understand why he makes $85 million for a single fight. Floyd's brilliant business model is also partially to blame for why we have not and likely will not ever see him fight Manny Pacquiao. Unlike Floyd, Pacquiao fights for a boxing promotion company, namely Bob Arum's Top Rank Promotions. Pacquiao is essentially a highly paid employee of Top Rank. Pacman commands very high appearance fees, but at the end of the day he still splits the PPV revenues with Top Rank. Mayweather is not willing to risk his perfect record unless he is the sole promoter. That puts Floyd in the driver seat and so far the two sides have not been able to reach a middle ground. Mayweather has offered a flat $50 million fee with no PPV upside. But Pacquiao and Bob Arum are very aware that this fight would be the biggest Pay Per View event in history and could generate as much as $200 million in revenue. If those numbers were accurate, under his own model Floyd could take home $150 million! Arum's team countered with an offer that would pay Floyd $100 million and Pacman $80 million (55% vs 45%). Mayweather turned it down. Who knows if there will ever be a compromise, but you have to think that at some point Mayweather can't keep turning down $100 million! How much is a perfect record (and pride) worth? How much would you give up to go out on top without any losses? http://www.celebritynetworth.com/articles/entertainment-articles/floyd-mayweather-earn-100-million-per-fight/ Quote Link to comment Share on other sites More sharing options...
blackrican23 Posted April 30, 2014 Author Share Posted April 30, 2014 Whenever Mayweather fights someone, he puts up all the money for the entire show, himself. He pays for the venue, the insurance, the vendors and even his opponent's purse, out of his own pocket. who's the boss bitches Quote Link to comment Share on other sites More sharing options...
GRIM Posted April 30, 2014 Share Posted April 30, 2014 Pacman can't do that, he needs his uncle Bob to do his work for him Quote Link to comment Share on other sites More sharing options...
Mofo2 Posted April 30, 2014 Share Posted April 30, 2014 Pac doesnt need the bother....he gets people to do the Donkey work for him....its called common sense Quote Link to comment Share on other sites More sharing options...
GRIM Posted April 30, 2014 Share Posted April 30, 2014 Mayweather $32 mil Maidana $1.5 mil out of Floyd's pocket Quote Link to comment Share on other sites More sharing options...
GRIM Posted April 30, 2014 Share Posted April 30, 2014 Yeah that's why he had tax issues because peeps doing/not doing work for him Quote Link to comment Share on other sites More sharing options...
Mofo2 Posted April 30, 2014 Share Posted April 30, 2014 He doesnt look Broke to me as was reported....you do no that the press magnify shit to sell copy dontchya G Quote Link to comment Share on other sites More sharing options...
blackrican23 Posted April 30, 2014 Author Share Posted April 30, 2014 Yeah that's why he had tax issues because peeps doing/not doing work for him lets not forget After the Mayweather fight with Ricky Hatton in 2007, which was one of the largest paychecks to date, the IRS announced that Floyd owed $6.1 million in back taxes. Soon after he was also sued by a Florida real estate developer who claimed Mayweather backed out of the purchase of an $8.5 million house, he allegedly owed the first installment of $1.7 million. Just a few months later $7.1 million worth of Jewelry was stolen from his home. In September 2009 Floyd was sued by JP Morgan for failing to make payment on a $528,000 Mercedes Maybach 57S. Mayweather borrowed $415,000 at an annual interest rate of 16% in order to pay for the car, he reportedly stopped making the $9000 monthly payment for over a year. Quote Link to comment Share on other sites More sharing options...
GRIM Posted May 1, 2014 Share Posted May 1, 2014 Thats when Floyd was fighting for mere millions and shit, it is the most epic lame excuse I could come up with Quote Link to comment Share on other sites More sharing options...
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